Food prices: The farmer's share
Did you know a food producer receives an average of about a quarter of the price consumers spend on food?
A report commissioned by Federated Farmers shows that while food prices in New Zealand may be rising, farmers are not the main beneficiaries of this.
The report, prepared by the New Zealand Institute of Economic Research, covers a number of key items, including bread, milk, butter, cheese, honey, lamb and beef.
Bread
In the case of bread, a food producer gets the equivalent of three slices of a 20 slice loaf. The farmer's share for bread is 16.37 percent.
Cheese
A dairy farmer gets a tiny slice of cheese. The farmer's share of cheese is between 15 and 35 percent.
Honey
A beekeeper gets less than half of what consumers pay for honey. The farmer's share for honey is 40.12 percent.
Lamb Chops
The farmer's share for a single 'lamb chop' can be as low at 20 percent to a maximum of 30.97 percent.
Milk
A dairy farmer would get one of every three glasses of milk. The farmer's share for milk is 35.46 percent.
Steak
A beef farmer gets one of four pieces of steak. The farmer's share of blade steak is 18.86 percent.
